266 Grand AVENUE West, Chatham, ON N7L1C1
266 Grand AVENUE West, Chatham, ON N7L1C1
266 Grand AVENUE West, Chatham, ON N7L1C1
266 Grand AVENUE West, Chatham, ON N7L1C1
266 Grand AVENUE West, Chatham, ON N7L1C1
266 Grand AVENUE West, Chatham, ON N7L1C1
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Jeff Godreau

Jeff Godreau

+1(519) 365-4852
$ 469,000
Est. payment | /mo
Save
$ 469,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

MLS® Listing ID 26026081

Year Built 1900

Property Sub-Type Freehold

Property Description

Set your own rents and maximize your returns with this turnkey triplex offering exceptional flexibility and long-term investment potential. With both the main floor and basement units vacant, this is a rare opportunity to lease two units at today's market rates while benefiting from existing income from the upper unit. Situated on a large lot backing onto the Thames River, this well-maintained property offers strong cash flow potential, multiple income streams, and future redevelopment possibilities. The main floor unit features a spacious 2-bedroom plus bonus room unit, while the recently refreshed basement apartment has been updated with fresh paint and new carpeting, making it move-in ready for a new tenant. The upper unit remains tenanted and offers additional untapped third-floor space, presenting an excellent opportunity to further increase value and rental income. Current market rents are estimated at approximately $1750-$1950/month for the main floor, $950-$1100/month for the basement apartment, and the upper unit currently rents for $868/month plus hydro and gas, leaving room for future rental growth. At market rents, this property offers excellent cash flow potential with significant upside. Additional features include a new roof installed in May 2025, a generous riverfront lot, and a location close to downtown amenities, parks, shopping, and public transit. Whether you're looking to build your investment portfolio, live in one unit while generating income from the others, or optimize the property for maximum returns, this is an opportunity that offers flexibility today and appreciation for years to come. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 10 ft X 10 ft , 4 in Bedroom

Extra Room 2 Second level 9 ft , 6 in X 11 ft Bedroom

Extra Room 3 Second level Measurements not available 4pc Bathroom

Extra Room 4 Second level 16 ft , 1 in X 11 ft , 2 in Living room

Extra Room 5 Second level 9 ft , 2 in X 11 ft , 2 in Dining room

Extra Room 6 Second level 13 ft , 2 in X 8 ft , 9 in Kitchen

Interior

Heating Furnace,

Cooling Central air conditioning

Flooring Hardwood, Laminate, Cushion/Lino/Vinyl

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 3

Others

Ownership Freehold

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Listed by NEST REALTY INC.

Nearby Locations

Jeff Godreau

Thank you for stopping in! We are looking forward to helping your real estate dreams come true!

+1(519) 365-4852

jeffgodreau@royallepage.ca

425 McNaughton Ave West, Chatham, CAN

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266 Grand AVENUE West